1. STONE RIDGE Stone Ridge Annual Meeting, April 12, 2012 Welcome PLEASE SIGN IN MEETING STARTS AT 7:00 P.M.

2. Annual Meeting Agenda Call to Order Introduction of Current Board Members Review Financials – 2011 – 2012 Budget Open Forum Review 2012 Board Nominee Questions & Answers STONE RIDGE

3. ‘09 Actual‘10 Actual 2011 Budget2011 Actual2012 Budget Income/Assets$80,622.04$82,729.16$80,990.00$82,328.80$81,240.00 Expenses/Liabilities Grounds Maint.$53,157.34$47,744.04$45,500.00$51,088.14$57,500.00 Legal$1,960.92$2,937.50$4,500.00$4,309.75$4,000.00 Metered - Electric/Water$5,465.90$5,608.57$5,700.00$5,406.42$4,400.00 Entry Lights$ -0-$1,969.19$16,700.00 Website Maint.$118.94$200.79$200.00$50.97$200.00 Administration$4,800.00 $5,200.00 P.O. Box/stamps/envelopes$767.93$1,192.35$1,200.00$1,565.42$1,600.00 Snow Removal$2,161.96$1,633.72$2,000.00$1,484.62$2,000.00 Insurance$3,374.00$3,439.00$3,500.00$3,384.00$2,000.00 Yard Judging Contest$400.00 Pond Maintenance$2,767.32$3,323.22$3,700.00$1,270.00$2,000.00 Miscellaneous$95.50$98.00$2,100.00$206.57$250.00 Income Tax58.00$142.00$175.00$ -0- Total Expenses$75,127.81$71,519.19$73,775.00$75,935.08$96,250.00 Net Difference$5,494.23$11,209.97$7,215.00$7,420.64($15,010.00) Budget STONE RIDGE

4. January 1Checking Balance Income (Dues, Fines, Late Fees) Expenses thru 12/31Ending Balance (3-1) 200412,000.0076,607.0860,068.9228,538.16 200528,538.1680,098.9378,663.9929,973.10 200629,973.0981,068.9765,197.9245,844.14 200745,844.1480,075.0062,194.4163,724.73 200863,724.73113,546.09*154,221.33*23,049.49 + CD 200923,049.4980,892.0083,486.1619,764.33 + CD 201019,764.33101,722.32*71,077.2550,409.40 2011 $50,409.40$82,328.80$75,935.08 $ 56,803.12 2012$56,803.12 STONE RIDGE Checking Account Balance Statement for Each Calendar Year

5. STONE RIDGE Current Entry Lighting Safety issues due to poor lighting Continuous maintenance and repair of existing lighting High metered electric costs

6. New and Improved Lighting Project New lighting improving safety at both main entry’s New LED lights reduce meter costs by $1,500+ per year Seven year warranty on LED bulbs – Higher expense up front lower cost long term Seven (7) year pay-back – Lower maintenance costs and metered electric Aesthetically more appealing entry’s STONE RIDGE

7. Street Sign Project County requires that all regulatory signs be replaced The Views and Meadows signs have been replaced by the County New signs for The Woods are supplied by the county – Requires the Association to change due to decorative nature – Most signs require new brackets/hardware Within the next two years, all street name signs will be required to be changed – 6” capital letter for street name with small letters following STONE RIDGE

9. Retention Pond/Private Drive – Obliged per the Covenants to Maintain Both Road repair Fountain to Control Algae Growth – Professionally winterize – Spring service and re-install Chemicals for Algae Control and Odor STONE RIDGE